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Can you find out if your tax refund will be taken for a past debt i.e student loans before you file?
Answer Typically a notice via mail is issued prior to the filing period alerting the student loan or child support debtor that their refund may be taken in whole or part to repay these obligations. 1-800-304-3107 is the best way to find out...it's automated.
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In the US, it depends on whether your loans are with DIRECT or FFELP. If you have FFELP loans, you are eligible to consolidate. If you have direct loans and have never consoli…dated before, then you are eligible. If you previously consolidated your FFELP loans, then you may be eligible to reconsolidate. If you previously consolidated your Direct loans, then you are not eligible to consolidate again. If you need help getting out of default, click on the link at the bottom of this text box.
Can the Treasury Dept offset a joint married tax refund if it is your default student loan and not the wifes. Your debt was pre-marriage?
Yes. If you are worried about it, I'd file Married Filing Separately until you get the student loan issues cleared up.
Contact your local property tax department and request a copy of the form that you will need to use to file for the property tax refund or you could try and see if this could …be done online at the local property tax online website.
If your student loans are being garnished, you can count on your name being on the tax offset list, meaning that they will apply your refund amount to your loan repayment. …If you need help getting out of default, or getting a garnishment lifted, then contact Default Management Services, Inc. for help. You can Google the name for a phone #. Ask for Doug, he is knowledgeable.
I was just online with the Where's my refund status and it was approved, then at the bottom is says read note related to your return. I read it and it states that they can tak…e all or part of my tax return for items such as child support, another federal agency debt or state taxes. However, I had an assessment of state taxes that I have been paying on that I have been paying for months and now they can take the rest. I don't see how they can do that if you have a payment arrangement. The government can do whatever pleases them I guess. Just an FYI, you might file, but you might not get if you owe them, but you need them, you will wait, so unfair.
I believe that any tax refund to which you think you may be entitled was diverted to pay down the debt of your student loan obligations. Your federal income tax will be applie…d to any federal student loans that are in default. The only way to stop garnishment is to enter into a repayment agreement with your loan holder and make payments for 6 months. Your state income tax is not garnished. The refund is applied to the interest owed so your principal balance never actually decreases. You can change your W2 status so that less taxes are taken from your paycheck. But be careful to ensure that enough taxes are taken out to pay your tax deduction or you may have to pay at tax time. If you're single with a standard deduction you usually pay $2,500 in taxes (check IRS tax tables). Once you have paid that much in taxes, change your W2 status so you take home more pay. Then you won't get a tax refund to be garnished. you got your money as pay.
Answer Yes. (Although in fairness, it isn't the IRS taking it, it is the IRS can be instructed to give it to the government agency you owe).
Yes, if you are default on your student loans, then your name will be added to the tax offset list by the Dept. of Ed. So your income tax fund check will be applied to your …default student loans. If you need help getting out of default and getting the garnishment lifted, a company called Default Management Services, Inc. can help you. Google the company name to get the phone #. Ask for Doug, he is knowledgeable.
You can find out if you have a student loan tax refund lien by calling the IRS. The phone number is (800) 913-6050.
According to me it take about 2 to 3 weeks.
Answer Though no one "wants" to file bankruptcy, your question is valid. An income tax return is usually looked at as a lump sum of money to help get back on one's feet…. A down payment for a better car, a vacation for a family, etc. If you file a chapter 7, then no, you will not have your tax refund kept from you, UNLESS you owe back-taxes. Depending on how many years you may have owed taxes, you can also file bankruptcy on those. If you have to file a chapter 13, bankruptcy, then I am not sure. Ask your attorney, and a consultation with a bankruptcy attorney is usually free. Answer It is a good idea to check with your lawyer on this question because it may depend on what state you life in when you filed. I live in Pennsylvania and did indeed receive my refund. My sister, however, lived in New Orleans when she filed her taxes and moved back to Pennsylvania shortly thereafter. Within two weeks of receiving her refund, she received a letter from her tax office telling her she had to return the check to be applied to her bankruptcy creditors. She was even given a date that the check had to be returned by. Answer A lot of times the Trustee will order you to pay the refund to the courts to be distributed to creditors. I've seen this happen in Chapter 7 cases before. Answer This Q has been pushed around a lot here...and this is what I've pieced together: It depends...a bit on which circuit court your in and how they feel...and especially how much is involved...(obviously large amounts are wanted for creditors...and it just seems unfair for you to not pay someone your debt, because you didn't have the money, because you had too much withheld or prepaid...when the amount withheld/prepaid is entirely controllable by you! The withheld tax account at the IRS is really nothing more than a savings account to pay for the tax actually determined to be due). The other aspect is when you file for BK compared to when you made your money...If the overpaid tax is for a pre-petition filing period...most trustees want it...but if it really isn't - then you can argue it's post petition and yours. So say it's a refund for the past year and you filed BK in December.....well it was basically all withheld as part of the Jan-Dec period in your tax return...and its part of the BK...but if you filed BK in say March...well not much of it is really from the covered BK period - and much of the overpayment should be given to you. (Of course, things like not making $ or deductions evenly through the year can complicate the calculation). Sort of makes sense.
Yes, if you are in a Default Status for your Federally Guaranteed student loans, then your tax refund will be withheld. It does not matter that you are voluntarily repaying. … The default status is the only thing that matters. If you need help getting out of default, or getting a garnishment lifted, then contact Default Management Services, Inc. for help. You can Google the name for a phone #. Ask for Doug, he is knowledgeable.
If it is in deferred status, they will probably not tax your tax refund. If your student loan is delinquent, then they will be retaining you refund and putting it toward y…our debt.
By doing all the calculations required, but not actually filing the forms. You really can't estimate your refund without doing the calculations in at least an approximate for…m.
They can, and will, take the entirety of your tax return for any outstanding federal debt including student loans and prior year taxes. There is no legal requirement that they… return anything to you owe other branches.
There are plenty of places in order for one to find out information about tax refund loans. However, it is strongly suggested that one should check out the information from th…e website IncomeTaxAdvances.
Yes. Unreturned unemployment benefits overpayments may be deducted from your federal income tax refund.